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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Retail space
19258 15th NE Ave Shoreline, WA 98155-2315
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-1637266
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1942
Construction
WOOD
Total area
6,040 SF
Lot
0.34 ac (14,834 SF)
Zoning code
NB
APN
397170-1501
UPID
US90-1637266
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$795k
Owner & transaction history
Gary B Mcfarlane JR. · 13 yrs held
Gary B Mcfarlane JR.
since 2012
7 recorded transactions
Zoning & alternative use
NB · Shoreline, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Shoreline submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shoreline submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$132 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$9,767
Tax year 2022
Assessed value
$746,100
Assessed 2022
Previous assessed
$746,100
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$593,300
Assessed improvement
$152,800
Land market value
$593,300
Improvement market value
$152,800
Total market value
$746,100
Applied tax rate
1,245.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1942
Construction
WOOD
Heating
OTHER
Cooling
OTHER
Stories
2
Total area
6,040 SF
Lot
0.34 ac (14,834 SF)
Zoning code
NB
APN
397170-1501
UPID
US90-1637266
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NB · Shoreline, WA
Zoning NB · permitted uses
NB · Shoreline, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shoreline. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1942
Construction
WOOD
Heating
OTHER
Cooling
Yes
Stories
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
Gary B Mcfarlane JR.
Individual
Mailing address
3605 227TH ST SW, BRIER, WA 98036-8078
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2012
$325,000
Gary B Mcfarlane JR.
Columbia St Bk
Grant Deed
—
Dec 30, 2010
$787,500
Columbia St. Bk
Dwtr & J Corp
Trustees Deed
related
—
Jan 6, 1997
$310,000
Vallis R Kolbeck
Kolbeck,albert C & Luella M
Grant Deed
related
—
—
—
Vallis R Kolbeck
—
Deed Of Trust
related
$50,000 · City Bank
—
—
Vallis R Kolbeck
—
Deed Of Trust
related
$240,000 · Northstar Bank
—
—
Vallis R Kolbeck
—
Deed Of Trust
related
$149,972 · City Bank
—
—
Albert C Kolbeck
—
Deed Of Trust
related
$151,114 · City Bank
—
—
Albert C Kolbeck
—
Deed Of Trust
related
$150,000 · City Bank
—
—
Guitarville INC
—
Deed Of Trust
related
$775,000 · Columbia State Bank
—
—
Vallis R Kolbeck
—
Deed Of Trust
related
$450,000 · Northstar Bank
—
—
Vallis R Kolbeck
—
Deed Of Trust
related
$250,000 · Northstar Bank
—
—
Vallis R Kolbeck
—
Deed Of Trust
related
$50,000 · Northstar Bank
—
—
Albert C Kolbeck
—
Deed Of Trust
related
$50,000 · City Bank
—
—
Albert C Kolbeck
—
Deed Of Trust
related
$50,000 · City Bank
—
—
Vallis R Kolbeck
—
Deed Of Trust
related
$200,000 · Columbia State Bank
—
—
Vallis R Kolbeck
—
Deed Of Trust
related
$51,050 · City Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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